Improving Profit Margins through Hotel Business Restructuring and Exploring Post-COVID Growth Areas
First written in FY2022-Q3. 7 of 10 entries say "Advanced", first in FY2022. Latest entry: 2026-08-05.
10 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「During the current fiscal year, in preparation for introducing the "Vignette Collection," we renovated approximately 1,000 guest rooms, the front desk counters and some restaurants. In addition, we progressively renovated parts of the lobby, banquet facilities and exterior walls, and took measures to enhance brand value, including completely renewing the uniforms of accommodation staff.」
Regarding value enhancement of the hotel business, the scope of brand value initiatives was specified, including renovations to approximately 1,000 rooms, renewal of the lobby, banquet facilities and exterior walls, and complete uniform replacement. - FY2025-H1ReframedAnnual report
「As part of the "value enhancement of the hotel business," RIHGA Royal Hotel Osaka progressively renovated guest rooms under the concept of "the fusion of traditional beauty and water" and carried out renovation work on the exterior walls to enhance brand value.」
In addition to the previous expression, "restructuring of the hotel business," the medium-term plan organizes initiatives to enhance brand value and renew facilities under the heading "value enhancement of the hotel business." - FY2024-Q3RestatedAnnual report
「As part of the "restructuring of the hotel business," we opened our third new hotel in Kyoto, RIHGA Place Kyoto Shijo Karasuma, in April 2023. Located just a 2-minute walk from Shijo Station on the subway, it is a convenient accommodation-focused hotel serving as a base for tourism and business. In the same month, we opened Cafeteria Agora and Salon Agora as externally located restaurants within the Osaka University Nakanoshima Center.」
The opening of the new hotel in Kyoto and the two externally located restaurants within the Osaka University Nakanoshima Center was reported again following the previous quarter. - FY2024-Q2AdvancedAnnual report
「As part of the "restructuring of the hotel business," we opened our third new hotel in Kyoto, RIHGA Place Kyoto Shijo Karasuma, in April 2023. Located just a 2-minute walk from Shijo Station on the subway, it is a convenient accommodation-focused hotel serving as a base for tourism and business. In the same month, we opened Cafeteria Agora and Salon Agora as externally located restaurants within the Osaka University Nakanoshima Center.」
As part of the hotel business restructuring measures, we opened our third hotel in Kyoto and two externally located restaurants within the Osaka University Nakanoshima Center. - FY2023-Q3AdvancedAnnual report
「In December 2022, we announced the opening of our third new hotel in Kyoto, Rihga Place Kyoto Shijo Karasuma. The lodging-focused economy hotel is scheduled to open in April 2023.」
Following the opening of the overseas hotel after a 28-year gap, the Company added a plan to open a new hotel in Kyoto, advancing its hotel business restructuring and expansion initiatives. - FY2023-Q1AdvancedAnnual report
「As part of the “restructuring of the hotel business,” we opened Rihga Royal Laguna Guam Resort on 21 April 2022, our group’s first new overseas hotel in 28 years.」
As a specific result of the hotel business restructuring measures, the Company reported the opening on 21 April 2022 of its first overseas new hotel in 28 years. - FY2022AdvancedAnnual report
「With regard to the "restructuring of the hotel business," we worked to deepen areas expected to generate higher profits and explore areas expected to grow in the post-COVID period. In the accommodation business, we sold high-end accommodation plans, including the "Staycation Package" and the "All-Inclusive Plan," based on the distinctive features of our grand hotels. In the restaurant business, we planned and sold a subscription product allowing customers to use the buffet restaurant and café lounge as many times as they wished during a one-month period, proposing a new way to use these facilities.」
We implemented restructuring measures as specific products and services, including high-end accommodation plans, restaurant subscription products, new hotel products and joint development with companies in other industries. - FY2022-Q3First statedAnnual report
「With regard to restructuring the hotel business, we worked to deepen areas where higher margins could be achieved and identify areas expected to grow in the post-COVID period.」
Looking ahead to the post-COVID period, we first clearly identified deepening existing areas expected to improve margins and exploring new growth areas as the pillars of hotel business restructuring.